The supporter – who does not want to be identified – put £20 on the Foxes at 5000-1 at the start of the season.

He stood to win just over £133,000 if he had let the original bet ride and Claudio Ranieri's men took the title.

But he bottled it and cashed out early – cutting more than £25,000 from his winnings.

The punter almost held their nerve to the end of a dream season.

But the risk of losing out on a six-figure sum was too much for the fan.

“He has picked the right moment to cash out”

Sky Bet

A spokesman for Sky Bet – which held the bet – said: "Backers of Leicester have faced a real head-scratching time over the last few weeks.

"All these 1-0 wins and even their 2-0 win at Sunderland have come with moments of genuine alarm and I must say bravo to this customer for seeing it through for so long.

"Presumably the punter was keen to make sure they won six figures for their small each-way play and now that it's job done, they can relax and enjoy the rest of the season.”

Leicester are currently 1-5 to win the title with Sky Bet ahead of Tottenham at 9-2 and the company is preparing to pay out many more customers over the coming weeks.

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The Sky Bet spokeswoman added: "It appears this lucky customer really has picked the right moment to cash out.

"Only last week he rejected a cash out value of £101,770 after Leicester's 1-0 win over Southampton.

"In January after Leicester's 3-0 win over Stoke the customer could have cashed out for as little as £14,172 and on March 5 after a 1-0 win away to Watford he could have cashed out for £76,963 but clearly this Sky Bet customer knew the Foxes were going to keep on winning games."